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Fernhill suburb profile

Fernhill is a charming suburb located in the Illawarra region of New South Wales, just north of Wollongong. Known for its peaceful residential atmosphere, Fernhill offers a mix of suburban tranquility and convenient access to urban amenities. The area is characterized by its leafy streets, family-friendly environment, and proximity to natural attractions such as the Illawarra Escarpment. Residents enjoy easy access to local schools, parks, and shopping centers, making it an ideal location for families and retirees. With its blend of natural beauty and suburban convenience, Fernhill provides a welcoming community for those seeking a relaxed lifestyle.

Fernhill property market performance

The property market in Fernhill witnessed notable dynamics over the past 12 months. House values increased by 5.8%, although the current median house price data and unit sales remained unavailable. Over the past three months, sales activity for houses was low, with only 8 houses sold and a median market time of 18 days. No units were sold during this period, indicating limited activity in the unit sector.

The rental market for houses demonstrated a strong uptick, with average rents rising by 9.1% to $818 over the last year. However, unit rental data was unavailable, reflecting a lack of movement in this segment. Overall, Fernhill's market exhibits specific strengths in house sales and rentals, contrasting with inactivity in the unit market.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
4.2%N/A
Sold
Past 3 months
7N/A
Median days on market
Past 12 months
16N/A
Average rent
Past 12 months
$785N/A
Change in rent
Past 12 months
1.9%N/A

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Fernhill demographics

Fernhill, nestled in the Illawarra region of New South Wales, offers a serene suburban lifestyle with a touch of coastal charm. With a population of just 987, it provides a close-knit community atmosphere, ideal for those seeking a quieter pace of life. The median age of 45 suggests a mature population, with many residents likely enjoying the balance of work and leisure that the area provides. Fernhill's proximity to both the coast and the city of Wollongong makes it an attractive location for families and retirees alike.

The suburb's housing landscape is diverse, with a significant portion of properties being rented, accounting for 52.4% of the housing market. This high rental rate indicates a demand for flexible living arrangements, appealing to both transient residents and those testing the waters before committing to home ownership. Meanwhile, 25.1% of properties are owned outright, and 22.6% are owned with a mortgage, reflecting a stable base of long-term residents who have invested in the area.

Family dynamics in Fernhill are varied, with couple families with children making up 35.6% of the households, while couple families without children account for 37.2%. One-parent families also form a significant part of the community at 24.9%, highlighting the suburb's inclusive nature. The median total household income of $1107 per week suggests a modest economic profile, aligning with the suburb's laid-back and family-friendly environment. Overall, Fernhill offers a peaceful retreat with the convenience of urban amenities nearby, making it a desirable location for those seeking a balanced lifestyle.

Suburbs near Fernhill

Some popular suburbs near Fernhill include:

How does Fernhill compare to nearby suburbs?

  • House price growth: Property prices in nearby Tarrawanna have risen 1.1% more than in Fernhill over the past year.
  • Selling speed for houses: Properties in Fernhill are selling 40.7% faster than in Tarrawanna.

Choose the right real estate agents in Fernhill

Currently, there are 12 real estate agents working in Fernhill—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 12 agents sold 50.0% of all properties in Fernhill over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Fernhill typically charge a commission of 1.63% to 2.63%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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